Two years ago, the mega law firm Dewey and LeBeouf shocked the legal world when it announced, out of the blue, it would be filing for bankruptcy following an exodus of employees as the money had run out. However, as usually happens in cases like these, it was not just gross incompetence that was at fault: one must usually add major act criminality to explain such a rapid fall from grace. Such was the case in the Dewey bankruptcy too.

(Reuters) - New York law firm Dewey & LeBoeuf has removed its ex-chairman, Steven Davis, from the executive committee amid a probe by the Manhattan district attorney into whether Davis made misleading statements about compensation packages for some high-ranking partners. According to an internal firm memo obtained by Reuters on Sunday, the executive committee voted to terminate Davis from its ranks, but said the move should not be read as a judgment on the merits of the district attorney's probe. ...

New York law firm Dewey & LeBoeuf has removed its ex-chairman, Steven Davis, from the executive committee amid a probe by the Manhattan district attorney into whether Davis made misleading statements about ...

(Reuters) - New York law firm Dewey & LeBoeuf has removed its ex-chairman, Steven Davis, from the executive committee amid a probe by the Manhattan district attorney into whether Davis made misleading statements about compensation packages for some high-ranking partners.

NEW YORK (Reuters) - Embattled law firm Dewey & LeBoeuf said on Sunday it removed its former chairman from various leadership positions amid a probe by the Manhattan district attorney and said that talks with rival firm Greenberg Traurig about a potential transaction ended with no deal. According to an internal firm memo obtained by Reuters, Dewey's executive committee voted to oust Steven Davis from its ranks and remove him from a five-member management team put in place during a leadership shakeup last month. The firm's management also disclosed that talks with Greenberg Traurig had ended.